Press Office
Taxi strike PDF Print E-mail
Wednesday, 25 March 2009 10:04

SACCI Media Release
24 March 2009

 


Taxi Protest Action – Effect on Business

 

In a statement issued this afternoon, a spokesperson for SACCI said


Quote

Reports from several Chambers within the Province of Gauteng (greater Johannesburg area) show that the taxi protest action appears to have only had an adverse affect in the Randburg area where some two-thirds of Businesses reported that their workers either were unable to get to work or were impeded in getting to work on time. Businesses with a focus on transport appear to have been most seriously affected.


Ends


Contact persons

Bill Lacey                 011 446 3871
Peggy Drodskie       011 446 3806

 
SACCI meets political parties PDF Print E-mail
Thursday, 26 February 2009 16:16

SACCI Media Release
Immediate Release
26 February 2009

 


SACCI and Old Mutual present an opportunity for Business to be better informed in the forthcoming Election

In a press release issued on 26 February the CEO of SACCI said

Quote
Much speculation has been voiced by business people over the forthcoming election and what the new leadership holds for Business. The trade offs between generating employment through socio-economic programmes that foster development and social handouts are important for South Africa’s wellbeing.
 
In order to interrogate the Business perspective of their various election manifestos, SACCI has arranged for the leading political parties to make short presentations to a meeting of businesspeople to be held in Sandton on the morning of Wednesday, 4th March.

Each representative will be allowed 15 minutes to submit their party’s position on economic policy, security, poverty alleviation, labour and foreign policy, indicating how the private sector will feature in these critical areas of government responsibility.

The line-up of speakers includes:
* Mrs Jo-Ann Downs  (ACDP)
* Mr Gwede Mantashe             (ANC)
* Mr  Mosiuoa Lekota  (COPE)
* Mrs  Helen Zille  (DA)
* Col. Piet Uys   (FF)
* Mr  Lance Greyling  (ID)
* Mr  Narend Singh  (IFP)
* Mr  Bantu Holomisa  (UDM).

The presentations will be followed by a Question and Answer session.
Unquote

SACCI anticipates that audio visual links will be established at various centres across the country. 

Booking enquiries: Linda Ntshangase – 011 446 3826 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it – seating is limited. 

Further details on participation in the event are available on the SACCI website:  www.sacci.org.za.


Contact persons:

Neren Rau    011 446 3800
Bill Lacey   011 446 3800

 
President’s State of the Nation Address PDF Print E-mail
Monday, 09 February 2009 11:25

In response to the President’s State of the Nation address to Parliament the CEO of SACCI, Mr Neren Rau said

Quote

SACCI shares the sombre outlook for the economy that the President‘s address underscores. However, the Chamber is encouraged by the government’s intentions to intervene positively with a view to minimizing the effects of the current downturn.

Government’s focus in areas such as education, health and security remain paramount in their objective of poverty alleviation. As those areas affect successful private sector activity and associated sustainable job creation, that focus is to be welcomed and supported. Where practical, Business will work with government to secure those objectives.

Given the current economic circumstances, SACCI accepts that the fulfillment of the ambitious plans of the earlier part of the decade may well have to be ‘stretched’ to a longer time frame. However the counter-cyclical fiscal policy will hopefully offset the worst effects of lower growth and minimize the accompanying distress to all South Africans.

SACCI accepts that South Africa will be required to play its part in meeting the challenge of climate change and will continue to work with Government and its agencies in energy conservation and supporting renewable energy initiatives.

Unquote


Contact

Neren Rau   011 446 3800 / 083 701 2827

 
SACCI RESPONDS TO 1% REPO RATE CUT PDF Print E-mail
Friday, 06 February 2009 06:54

SACCI today welcomed the 100 basis point decrease in the Repo Rate announced by the South African Reserve Bank.

In its reaction SACCI points out that South Africa is not immune from the impact of the world economic slowdown. As can be seen from lower exports and a deteriorating balance of payments account, the country is still in a severe economic downturn.

While inflationary pressures have been reduced and fuel prices have come down, food prices remain high, and the burden of high interest rates and debt servicing costs remains for business and consumers.

The current operating environment is depressed and companies face much uncertainty. The interest rate reduction will contribute to an improvement in the business mood. More attention needs to be paid to stabilisation measures. Any threats and further regulatory impositions that add to the pressure on business must be avoided.

Taking into account the volatility of the rand SACCI recognises the need for the Reserve Bank to be cautious in its approach. However, SACCI hopes that the economic environment will improve in the near future, and that this cut will be the start of a downward trend in interest rates.

 


Contact

Neren Rau  011 446 3800
Bill Lacey  011 446 3800

 
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